-- T-Mobile US (TMUS) said Tuesday it has agreed to form two joint ventures to expand its fiber-to-the-premises footprint, reaching more than 1 million additional homes.
The company will partner 50/50 with Oak Hill Capital to acquire and combine GoNetspeed and Greenlight Networks, targeting 1.3 million households in the Northeast by the end of 2026.
T-Mobile expects to invest $2 billion in the deal, which is slated to close in the first half of 2027.
In a separate deal, T-Mobile will partner 50/50 with Wren House to acquire i3 Broadband for about $700 million. Serving Illinois, Missouri and Rhode Island, the venture aims to pass 500,000 homes by the end of 2026.
Both transactions are subject to regulatory approval, the company said.
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